DBS Bank, Singapore’s largest bank, has announced a groundbreaking move by offering over-the-counter (OTC) cryptocurrency options trading and structured bonds for its institutional clients. This new offering is set to launch in the fourth quarter of 2024 and will provide investors with the opportunity to invest in Bitcoin (BTC) and Ethereum (ETH) through options contracts and structured financial products.
According to DBS, this new service will allow clients to hedge their Bitcoin and Ethereum positions against market volatility while giving them the option to sell their assets at a fixed price in the future.
In a statement, DBS Bank said, “DBS today announced the launch of over-the-counter cryptocurrency options trading and structured bonds for eligible institutional investors and accredited wealth clients.”
The bank added that it is the first Asia-based bank to offer financial products linked to the prices of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. “Clients holding Bitcoin and Ethereum with DBS will also be able to protect their positions against market volatility and potentially generate returns through various options structures.”
Additionally, DBS Bank reported a 36% increase in the number of active trading clients on its digital exchange DDEx, while the value of digital assets held by the bank has surged over 80% in Singdollar terms.
DBS Bank, Bitcoin options trading, Ethereum options, Deythere, digital assets
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